According to consultancy Mining Report, Zimbabwe has 800 mines which have the potential capacity to earn $18 billion per year, but the sector has stagnated since 2009 with annual turnover only at $2 billion.
Zimbabwe’s mining sector has a great opportunity for growth with the prospect of attracting $12 billion over the next 5 years.
Zimbabwe’s vast mineral wealth is based on the Great Dyke with over 60 minerals and it has the second largest platinum and chrome deposits in the world, and is the fifth largest producer of lithium. Mining contributes 13 per cent to the economy and is responsible for 68 per cent of foreign exchange earnings.
Zimbabwe is targeting to produce at least 10 per cent of global lithium output within the next four years, following the discovery of new deposits of the mineral in different parts of the country.
You can read the rest @
http://thebricspost.com/zimbabwe-conference-touts-countrys-mineral-riches/#.WpmCJWrwbIU
Yep - Mugabe was tossed to make it easier to strip mine the country.
And you can bet that little if any of the wealth generated by these minerals will benefit the people of Zimbabwe. All they are likely to get is poisoned by runoff from the tailings piles.
Here is further proof that outsiders are going to strip mine Zimbabwe:
ReplyDeletehttp://thebricspost.com/exploration-licences-surge-on-zimbabwe-political-changes/#.Wr0WXi7wapo